Positioning for the Future | 169
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
22 EMPLOYEE BENEFITS
(cont’d)
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(cont’d)
Share Plans of the Company
(cont’d)
The details of options and awards in the Company since commencement of the Share Plans were as follows
Aggregate Options/Shares
Granted
No. of
options/
shares
Exercised/
Released
No. of
options/
shares
Lapsed/
Cancelled
No. of
options/
shares
Balance as of
31 December
2014
No. of
options/
shares
CapitaLand Share Option Plan
159,442,307 (117,310,594) (36,335,356)
5,796,357
CapitaLand Performance Share Plan 2000
34,594,651 (17,393,355) (17,201,296)
–
CapitaLand Restricted Stock Plan 2000
33,689,553 (27,125,079) (6,564,474)
–
CapitaLand Performance Share Plan 2010
16,054,266
–
(5,420,302) 10,633,964
CapitaLand Restricted Share Plan 2010
35,867,383 (12,341,271) (6,302,614) 17,223,498
The total number of new shares issued and/or to be issued pursuant to the 2010 Share Plans did not exceed
8% (2013 8%) of the total number of shares (excluding treasury shares) in the capital of the Company.
CapitaLand Share Option Plan
The Company ceased to grant options under the CapitaLand Share Option Plan with effect from 2007.
Statutory information regarding the CapitaLand Share Option Plan is set out below
(i) The exercise price of the options is set either at
-
A price equal to the volume-weighted average price on the SGX-ST over the three consecutive
trading days immediately preceding the grant of the option (Market Price), or such higher price
as may be determined by the ERCC in its absolute discretion; or
-
A discount not exceeding 20% of the Market Price in respect of that option.
(ii) The options vest between one year and four years from the grant date.
(iii) The options granted expire after mve or 10 years from the dates of the grant.
